Many famous retailers like PPR SA's Gucci Group and Burberry Group Plc are planning to open their first stores in Hungary this year, sources informed.
Other companies expected to enter the market are Philip Green's Top Shop, Guess Inc, Claire's Stores Inc and L'Oreal SA's Body Shop International Plc, agencies reported.
Other luxury brands are looking for rental property on Budapest's Andrássy Avenue, LVMH Moet Henessy Louis Vuitton SA opened store last year. High street retailer may open stores on Váci Street or in shopping malls.
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